R.I. Gen. Laws § 44-3-56 — Tax credit in lieu of tax exemption in the town of Burrillville

(a) The town council of the town of Burrillville may, by ordinance, grant a dollar tax
credit of a specific dollar amount in lieu of the tax exemptions allowed pursuant
to the provisions of §§ 44-3-4, 44-3-5, 44-3-12, 44-3-15, and 44-3-35 and P.L. 1973, ch. 22. The basis for determining eligibility for the dollar tax credit
shall be as set forth in §§ 44-3-4, 44-3-5, 44-3-12, 44-3-15, and 44-3-35 and P.L. 1973, ch. 22. The dollar tax credit shall be a direct deduction from the
tax bill.
(b) In lieu of the dollar tax credit allowed in subsection (a), the town council of the
town of Burrillville may, by ordinance, establish a dollar tax credit for persons
who meet the criteria set forth in §§ 44-3-15 and 44-3-35 and P.L. 1973, ch. 22 based on household gross income. The dollar tax credit may
vary based on the household gross income.
(c) The total amount of all flat rate tax credits shall not exceed four percent (4%) of
the prior year’s tax levy.